The world of personal finance and retirement planning can seem complicated at times, but when it comes to dealing with a 401(k) account from a previous employer, there are typically four options to consider.
If you’ve recently changed jobs or are looking to consolidate your retirement accounts, here’s an overview of your choices:
1. Roll the assets into your new employer's plan.
2. Leave the money in your old employer's plan.
3. Roll the assets into an IRA.
4. Cash out the account.
If you have questions about what to do with an old 401(k), please reach out to me. Together we can discuss your options and determine what may be best for you. Email me at firstname.lastname@example.org.
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